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Corcoran Chief Sells to Herself

Well, she probably saw the listing before you did. Pam Liebman, the CEO of the Corcoran Group, just bought a two-bedroom pied-à-terre for approximately $1.5 million at the Element, the West 59th Street condo her firm is marketing. Not surprisingly, she has positive things to say about the building, though she says she bought for emotional reasons—she's smitten with the project's "lifestyle" offerings like the pool, fitness center, and green space, as well as its financial prospects. "It's in a location that still has a lot for room for price appreciation," she explains.

In Chelsea, on the other hand, the composers Marc Shaiman and Scott Wittman (now hard at work on the Broadway-to-film adaptation of Hairspray) have had to drop their price by half a million bucks. The pair's four-bedroom, 4,000-square-foot loft at 143 West 20th Street went on the market at $5.7 million late last year, but has been reduced to $5.2 million. Best detail: It comes with its own recording studio.